Land is an important socioeconomic asset where the lives of many people rely upon. Now, Ethiopia is conducting second level rural land registration and certification program. Despite the fact that issues of land rights and tenure security are high on the global policy agenda, the immediate effect of the second level rural land certification and registration for dispute settlement and income generation is not scrutinized in detail yet. The main objective of this study is to assess the immediate effects of the second level rural land certification and registration. The research is conducted in SNNPR, Hadya zone, Lemo Wereda, Belessa and Hayssie Kebelles. The research used non-probability accidental sampling technique to select sample size for the questionnaire. In the study both primary and secondary sources are utilized. The research revealed that the effect of the second level rural land certification increases disputes in the short run but decreases gradually, increases the revenue of the government, increase the tenure security of land holders, and in connection to the above it saves time and money of the government as well as land users. The most important effect of the SLLC is it allows land holders to take loans by making their certificate as a collateral. This will help land holders in developing their lands. The Wereda court judges are not using the certificate as an evidence. Rather they are still using the first level certificate. This shows that they are using an evidence which is null and void.